The return is currently achieved by appreciation and increased cash flow.

I don't know where the $750k in debt is (if it's attached to one of the properties) that you were discussing earlier but let's look at different scenarios:If you own the home in the nicer area free and clear, and let's say you could walk away with $900k if you sold it, and you're currently renting it for $20k per year, your ROI is 2.2 percent... not even keeping up with inflation...If you own the home in the nicer area free and clear, and could take all that cash and reinvest it (let's just call it $900k), you could purchase a property in the $4 MM range and certainly achieve more cash flow than $20k per year and enjoy an asset worth $4 MM that appreciates at the same rate per year. 

It is my intention to teach my kids, through both speech and example, that setting goals, using your brain, and fighting through those bumps in the road will not only help them achieve but they will feel good about it too.When I hear people talk about generational wealth and legacy, I think of a sales pitch by the speaker who is tapping into the vanity of the audience.

Both options will be achieved, just a matter of prioritizing which move to make first.Thanks for the help and advice!

You can achieve this without spending crazy money as well.

If you don't want to kick the tenants out, how do you propose you will execute the interior updates (or do you need the interior updates to achieve value)? 

In the end,we don't need 1000 units to achieve financial freedom,we just need a handful of well acquired cash flowing assets to arrive at that place of peace.With some patience and due diligence,most people can get there without sleeping with 75 strangers every 3 years only to end up with no portfolio and a bagful of inflation susceptible cash with little to no tax advantages.That's where we did not want to be in the first place....

Once you figure out what you want to achieve, you can find the right people to help you learn the rest. 

I'd like to have an annual capital investment goal in mind to achieve this.  

We’ll go into all the nitty gritty details and war stories (including a gas line excavation scare, crazy neighbor issues, city politics and a bamboo forest nightmare, to boot) so that it hopefully helps you prepare for your first or next MF deal.In one of our first multifamily acquisitions for Akras Capital, we encountered nearly every situation you could imagine - but we learned so so much and now we want to share it with YOU…In this article about this 5 unit acquisition we’ll cover:Investing out of state and how to source off market Multi-family deals in a red hot marketSeller Financing - how to close with little money downHow to find hidden equity and squeeze the most value of our your business planAll the ins and outs of the BRRRR strategy and how to achieve infinite cash on cash returnsHow to develop the right team and select the best property manager so that scary situations get handled without midnight phone callsHow to know when you should exit and sell the assetThe overall quantitative summary of the investmentBought the 4 unit+single family deal for $348K, with a $5K down paymentInvested $88K in repair costs for both buildingsSold for $658K$175K Profit, after sales costs in 18 months350% ROI* based upon initial cash investment of $50K, used for acquisitionFinding the Long Distance Deal - Building a Network that included WholesalersWe started Akras Capital in 2017 to acquire multifamily properties and focused on Spokane, the second largest city in the state of Washington.